Posts Tagged ‘Secure 2.0 Act’
New Requirement to Cover Long-Term Part-Time Employees in 401(k) Plans Enters Into Effect
New Requirement to Cover Long-Term Part-Time Employees in 401(k) Plans Enters Into Effect February 5, 2024 The Setting Every Community Up for Retirement Enhancement Act of 2019 (SECURE Act of 2019) and the SECURE 2.0 Act of 2022 (collectively, SECURE) enacted a new mandate that, starting in 2024, long-term, part-time (LTPT) employees must be allowed…
Read MoreEmergency Savings Options: A Bridge to Achieve Employee Savings Goals
Emergency Savings Options: A Bridge to Achieve Employee Savings Goals January 5, 2024 American workers are facing a savings crisis made more acute by soaring interest rates, persistent inflation, and other economic stressors. In its 2023 Workplace Wellness Survey, the Employee Benefit Research Institute (EBRI) found that 30% of workers could not pay for an…
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